Perth Rentals Down 10-30% From Peak
The Perth rental market has risen in affordability, with a new analysis showing more than 200 suburbs with median house ...
Property investors have seen a 5.13% gain in GRIFFITH based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains GRIFFITH, 2680 saw average growth in the long term.
The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $410,000
Profits averaged 9.38% per annum over a 3-year period, due to an upward trend in home prices in GRIFFITH, 2680.
This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in GRIFFITH, 2680 is 4.82%.
An average of 22.83 real estate transactions take place per month in GRIFFITH which translates to 274 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.75%||12.31%|
|Median 3 years||28.13%||30.36%|
|Median 5 years||35.76%||60.24%|
|10 years average annual||4.83%||6.3%|
|Weekly media advert. rent||$380||$330|
|Time on Market||64.0 days||0.0 days|
|Gross Rental Yield Percent||4.82%||5.22%|